Found this I don’t know how but it’s really sad that a lot of the things said in this article is still true after what 22 Years.
Still, for all the damage Marcos did, it’s not clear that he caused the country’s economic problems, as opposed to intensifying them. Most of the things that now seem wrong with the economy–grotesque extremes of wealth and poverty, land-ownership disputes, monopolistic industries in cozy, corrupt cahoots with the government–have been wrong for decades. When reading Philippine novels or history books, I would come across a passage that resembled what I’d seen in the Manila slums or on a farm. Then I would read on and discover that the description was by an American soldier in the 1890s, or a Filipino nationalist in the 1930s, or a foreign economist in the 1950s, or a young politician like Ferdinand Marcos or Benigno Aquino in the 1960s. “Here is a land in which a few are spectacularly rich while the masses remain abjectly poor. . . . Here is a land consecrated to democracy but run by an entrenched plutocracy. Here, too, are a people whose ambitions run high, but whose fulfillment is low and mainly restricted to the self-perpetuating elite.” The precise phrasing belongs to Benigno Aquino, in his early days in politics, but the thought has been expressed by hundreds of others. Koreans and Japanese love to taunt Americans by hauling out old, pompous predictions that obviously have not come true. “Made in Japan” would always mean “shoddy.” Korea would “always” be poor. Hah hah hah! You smug Yankees were so wrong! Leafing back through Filipinology has the opposite effect: it is surprising, and depressing, to see how little has changed.
via A Damaged Culture: A New Philippines? – James Fallows.